GlobalFoundries Secures $117M DOD Chip Supply Deal

GlobalFoundries (Nasdaq: GFS) will manufacture semiconductors for use in national security systems under a $117 million agreement with the Department of Defense.

DOD said Monday its investment under the Defense Production Act Title III is a follow-on to an $8 million contract awarded to the company in 2021 and will give defense and aerospace customers access to 45 nanometer chips.

Under the agreement, GlobalFoundries will transfer its 45nm silicon-on-insulator production technology from a factory in East Fishkill, New York, to another facility in the town of Malta.

The public-private partnership seeks to maintain the supply of chips to the U.S. government’s strategic and critical missions.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Contract Awards

Related Articles